Middle-east Arab News Opinion | Asharq Al-awsat

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Mohammed al-Jadaan, Saudi Minister of Finance, gestures during a news conference announcing the first Quarter of Saudi budget, in Riyadh, Saudi Arabia, May 11, 2017. Reuters

Saudi Finance Minister Welcomes IMF Praise Report

by Asharq Al-Awsat | Jul 23, 2017 | Business

Riyadh- The Saudi Ministry of Finance welcomed IMF report on the situation of the national economy. Commenting on the results, the Saudi Finance Minister Mohammed al-Jadaan said: “Although there is a lot of optimism, we are aware that there are also challenges that...

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The logo of the International Monetary Fund (IMF) is seen in this June 14, 2013 file photo at IMF headquarters in Washington DC. (AFP)

IMF Lauds Saudi Economic Reform Measures

by Asharq Al-Awsat | Jul 22, 2017 | Business

Washington- The International Monetary Fund has lauded the economic reform program of Saudi Vision 2030 after it made great progress in implementing its ambitious agenda, saying fiscal consolidation efforts are beginning to bear fruit. “Non-oil growth is projected to...

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A demonstrator wears a ‘Planet Earth First’ transfer on her cheek during a demonstration called by several labor, environmental and human rights groups. (John Macdougall / AFP)

What the G20 Should Be Talking About

by Victoria Bateman | Jul 7, 2017 | Opinion

Resilience is fast becoming the new buzzword in global economics. International Monetary Fund chief Christine Lagarde has warned that we need to do more to protect and enhance the global economy’s ability to withstand shocks. According to German finance minister...

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A power station of the Cairo Electricity Distribution Company. (Reuters)

Egypt: Major Increase in Electricity Prices

by Asharq Al-Awsat | Jul 7, 2017 | Business

Cairo- Egypt announced a major increase (18-42 percent) in electricity prices on Thursday as authorities continue to implement an IMF-backed economic reform package. Electricity Minister Mohamed Shaker announced the increase during a news conference, noting the...

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A female employee fills the tank of a car at a petrol station in Cairo, Egypt, February 24, 2016. REUTERS/Mohamed Abd El Ghany

Fears of Inflation as Egypt Increases Fuel Prices

by Ahmad Al-Ghamrawi | Jun 30, 2017 | Business

Cairo – As part of a plan to cut the budget deficit and commit to the economic reform to help meet the terms of a $12 billion IMF loan deal, the Egyptian government has decided to raise fuel prices two days before the beginning of the new budget. The price of...